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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2018

Income Taxes [Abstract]

Schedule of provisions for income taxes

		Three Months Ended
		March 31,
		2018				2017
Provision for Income Taxes
Current Tax Provision PRC		$	-			$	1,121,421
Deferred Tax Provision PRC			(538,969	)			(578,139	)
Total Provision for Income Taxes		$	(538,969	)		$	543,282

Schedule of deferred tax assets (liabilities)

		December 31,
		2017				2016
Deferred tax assets (liabilities)
Depreciation and amortization of property, plant and equipment		$	5,123,762			$	2,766,595
Impairment of property, plant and equipment			440,080				372,514
Miscellaneous			712,517				(21,472	)
Net operating loss carryover of PRC company			1,094,887				147,204
Net operating loss carryover for U.S. income tax purposes			-				2,949,287
Total deferred tax assets			7,371,246				6,214,128
Less: Valuation allowance			-				(2,949,287	)
Total deferred tax assets, net		$	7,371,246			$	3,264,841

Schedule of reconciliation of PRC statutory rates to Company's effective tax rate

		Three Months Ended March 31,
		2018				2017
PRC Statutory rate			25	%			25.0	%
Effect of different tax jurisdiction			0.0				0.5
Effect of expenses not deductible for PRC tax purposes			13.3				0.4
Change in valuation allowance			0.0				(1.8	)
Effective income tax rate			11.7	%			24.1	%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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